Plutonic Power Graduates to the TSX

06/27/2007

VANCOUVER, B.C. - June 27, 2007. Plutonic Power Corporation
(PCC:TSX) is pleased to announce that upon commencement of market
opening on Wednesday, June 27th, 2007, the common shares of the Company
will begin trading on the TSX Exchange under the symbol PCC.
Concurrently, Plutonic's shares will be de-listed from the TSX Venture
Exchange. Members of Company's executive team will be celebrating by
performing the market opening ceremony today June 27th, 2007.

Corporate Update

East Toba River and Montrose Creek Project - Toba Valley Phase One

On June 21, 2007, the Company was granted the land tenures and water
licenses for the project sites, roads and transmission line from the
Integrated Land Management Bureau and the British Columbia Ministry of
the Environment. In anticipation of the closure of project financing,
Peter Kiewit and Sons has commenced a massive staging of materials and
equipment in Richmond, British Columbia that will be barged to the Toba
Valley for the commencement of construction in July. Initial funding for
the project will come from the equity contribution of GE Energy
Financial Services.

Plutonic Power and GE Energy Financial Services, through a Canadian
affiliate, have signed a definitive Partnership Agreement, through which
GE Energy Financial Services will invest up to CAN $112 million to
acquire a 49 percent equity and 60 percent economic interest in the East
Toba River and Montrose Creek project. This contribution will be made
up of $100 million in equity and $12 million available for its share of
any cost overruns.

In addition, GE Energy Financial Services and Manulife Financial are
coleading, a CAN $470 million senior secured debt offering to finance
the project. This debt offering is expected to close by the end of
August 2007.

Green Power Corridor

Plutonic Power currently has 19 water license applications in the Toba
Valley, Bute Inlet and Knight Inlet areas of the Province of British
Columbia. The Company is currently determining which projects will be
submitted into the 2007 BC Hydro Call for Power. The BC Hydro Call is
expected to be formally unveiled in Q4 2007.

Highlights of projects under consideration include but are not limited to:

- The Toba Valley Phase Two projects, consisting of three sites, with the potential for approximately 116 MW of capacity

- The Bute Inlet projects, consisting of 13 sites, with the potential for up to 737 MW

- The Knight Inlet projects, consisting of 3 sites, with the potential for up to 154 MW

As part of the Toba Montrose General Partnership Agreement, Plutonic has
agreed to fund an additional $30 million to increase the capacity of
the 230-kilovolt transmission line from the Toba Valley to Saltery Bay,
British Columbia. For this contribution Plutonic will receive the right
to use, subject to a priority use agreement, any additional capacity of
the transmission line for its other projects in the Toba Valley. The
opening of access roads into the Toba Valley together with the ability
to utilize the transmission line will pave the way for Plutonic to
develop the Toba Valley Phase Two projects. This development should be
at a significantly lower cost per megawatt than the initial development
due to the infrastructure already provided by the Toba Montrose General
Partnership. The Partnership and the senior lenders have agreed to allow
Plutonic to contribute this additional equity after the GE Energy
Financial Services affiliate's equity contribution and the senior debt
facility have been fully drawn. This is not expected to occur until
early in 2010. The GE Energy Financial Services affiliate has agreed to
provide a $30 million credit facility to Plutonic to support this equity
contribution. In return for this credit facility, Plutonic has granted
GE the right to participate in up to an additional 200 megawatts of
other hydroelectric power projects in BC, and issue to GE 650,000
two-year common share purchase warrants with an exercise price to be
determined upon closing.

In response to the British Columbia Governments updated Energy Plan that
envisages BC becoming self sufficient to meet its energy needs by 2016,
Plutonic Power has hired a dedicated team of construction and
engineering professionals from Peter Kiewit Sons Ltd. and Knight Piésold
Ltd. to commence engineering and cost estimates for the Green Power
Corridor projects. The engineers have been asked to determine the cost
and logistics of developing the Bute and Knight Inlet sites with the
intent of submitting all 16 of these sites into the upcoming call.

In order to strengthen its 2007 bid to the BC Hydro call, Plutonic is
conducting discussions with potential industry and financial partners
for the build out of the remainder of the Green Power Corridor. Plutonic
intends on solidifying a financing plan to support the bid by year end.

Plutonic and the Homalco First Nation have commenced discussions and are
mutually committed to executing an impacts and benefits agreement
before year end. Additionally all environmental studies are well
underway in anticipation of making concurrent Federal and Provincial
applications for environmental permits. Plutonic Power is an emerging
renewable energy producer in British Columbia. Its proposed 29
development projects have a design capacity of up to 1400 MW with the
potential to generate approximately 4,800 GWh per annum of green energy -
enough energy to meet the annual energy needs of over 480,000 homes.
These development projects represent the largest inventory of unbuilt
green energy projects in British Columbia. Included in the 29 projects
is the creation of the Green Power Corridor, a series of non-storage
hydroelectric projects in southwestern BC, which hold the potential to
catapult British Columbia to the forefront of green energy generation in
North America. The completion of the Green Power Corridor would create
approximately 4000 person years of employment

Plutonic is committed to working with First Nations, stakeholder groups
and local communities in the development of all its run of river
projects.

The TSX Exchange does not accept responsibility for the adequacy or
accuracy of this release. Caution Regarding Forward- Looking Statements -
This news release contains certain forward-looking statements,
including statements regarding the business and anticipated financial
performance of the Company. These statements are subject to a number of
risks and uncertainties. Actual results may differ materially from
results contemplated by the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties
and should not place undue reliance on such forward-looking statements.
The Company does not undertake to update any forward looking statements,
oral or written, made by itself or on its behalf.

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